"We appreciated Redbridge’s professionalism, responsiveness and analytical support throughout this refinancing process. Working alongside the Group and its banking partners, Redbridge was a key contributor to the successful execution of this transaction."
Engagement overview
- In a favorable business context, including robust cash-flow generation and rapid deleveraging, refinancing of two syndicated credit facilities:
- Historical €125m RCF
- Amortizing Term Loan A (remaining €108m) + Bullet Term Loan B (€80m)
- Assignment from early January 2026 through April 2026
Objectives
- Streamline the debt structure and align the credit agreement to reflect the Group’s Investment Grade profile
- Internationalize the lender group, including onboarding a US partner
- Secure more competitive financial conditions
- Enhance liquidity through RCF upsize
- Lengthen the maturity profile of the Group’s main financing facility
Results
- ~€200K of annual savings (on pricing and routing) rapidly secured and adapted to the growth ambitions
- In total, ~€500K+ annual benefit was identified across multiple initiatives: routing, pricing, APMs mix, approval rates & return abuse
- Improved performance transparency and SLA
Methodology
- Upfront and in-depth assessment enabling definition of the optimal structure
- Oversight of the preparation of the information package for banks invited to the syndication
- Securing strong bank appetite, providing adequate negotiation power
- Management of negotiations alongside the 74Software team
- Preparation of executive briefing materials for Senior Management and Board of Directors
- Active involvement in the request for proposal process aimed at selecting legal counsel
Value added by Redbridge
- Ongoing drafting and administrative support throughout the process, enabling swift and optimized execution
- Independent analysis of the business plan and strategic options for the refinancing, and more broadly for the Group’s financing policy
- Critical benchmarking of bank proposals against comparable recent market transactions
- Expert independent review of all transaction aspects and key stakeholders’ positions